BANKRUPTCY TRUSTEE IN BLACKFALDS, ALBERTA
Are you searching for a bankruptcy trustee in Blackfalds? MNP LTD assists thousands of Canadians on an annual basis, helping them overcome their struggles with debt. There's no situation too complex for us; so no matter how complex and impossible to fix you may think your financial troubles are, turn to us for a solution that works best for you.
At your nearest MNP LTD location in Red Deer, you'll find respectful, approachable professionals equipped with debt solution know-how. Our goal is to provide you with expert advice to help you make debt a thing of the past. Put your financial future back in your hands — contact MNP LTD today.
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Determining the right debt help solution for your needs
The bankruptcy-filing process helps give individuals experiencing financial troubles a fresh financial start. Bankruptcy is regulated by the Bankruptcy and Insolvency Act. Before starting, the first thing you should do is reach out to your local MNP LTD bankruptcy trustee, who will evaluate your situation and explain the options available to you. It may be the case that alternatives to bankruptcy can be chosen, such as making a consumer proposal instead.
When considering which debt solution to choose, ask yourself the following questions:
- Do you regularly spend more than you earn?
- Are you facing legal action (e.g. garnishment)?
- Do you use your credit card for everyday necessities?
- Are you at risk of having your credit card revoked?
- Have you been receiving collection letters or phone calls from your creditors?
- Are your financial struggles causing you stress?
If any of these questions ring true for you, it’s time to talk to our dedicated debt professionals.
The guidance you need
The consumer proposal is a process that helps you make arrangements to pay the majority or a partial amount of your unsecured debt through monthly payment over a specific time frame (up to a maximum of 5 years).
Depending on how much debt you’ve accumulated, you may have the option to contact your creditors directly and discuss a lower interest rate or a repayment schedule that suits your situation.
Debt consolidation allows you to pull all your debt into one primary monthly repayment which can be repaid to multiple creditors.
With the Orderly Payment of Debt (OPD) program, the court will merge your loans and pay — in three or more years — your unsecured debt on your behalf at a 5% yearly interest rate.
If you're ready to speak with a bankruptcy trustee in Blackfalds, then you're already on your way to gaining the helpful and professional advice from MNP LTD Feel confident knowing that with us you'll receive a solution that's been tailored to your particular situation. With our help, we can ensure all your options have been assessed.